The Real Deal New York

Posts Tagged ‘David Kramer’

  • David Kramer Brooklyn Library

    From left: David Kramer and a rendering of 280 Cadman Plaza

    The City Planning Commission unanimously approved Hudson Companies’ planned redevelopment of the Brooklyn Public Library in Brooklyn Heights on Monday.

    David Kramer’s Hudson plans to knock down the existing building at 280 Cadman Plaza, and replace it with a new library and a 36-story condominium tower. The Brooklyn-centric development firm is set to pay $52 million for the public land, and will also build a temporary library during construction and two off-site affordable housing buildings at 907 Atlantic Avenue and 1043 Fulton Street. [more]

  • A rendering of 280 Cadman Plaza West (inset: David Kramer and Gary Labarbara)

    A rendering of 280 Cadman Plaza West (credit: Marvel Architects) (inset: David Kramer and Gary LaBarbera)

    Organized labor groups are knocking on doors in Brooklyn Heights, agitating against Hudson Companies’ planned redevelopment of that neighborhood’s branch of the Brooklyn Public Library. [more]

  • Day in the Life of: David Kramer

    October 23, 2015 09:30AM
    David Kramer

    David Kramer (Photo: Tobias Truvillion)

    From the October issue: David Kramer, 50, runs the 35-person development firm known as the Hudson Companies. The organization is the most prolific developer in Brooklyn with over 2.7 million square feet in the works, according to a recent analysis by The Real Deal of city building permits filed since 2011.

    But the firm also has its development tentacles spread throughout the city with 21 active projects. Its roster includes the 36-story condo with a new public library at Brooklyn’s Cadman Plaza West; the Bronx’s 825-unit Bronxchester complex; and Roosevelt Island’s Cornell Tech campus, where it won a competitive bidding process with partner the Related Companies. [more]

  • David Kramer Brooklyn Library

    David Kramer (credit: Tobias Truvillion) and a rendering of 280 Cadman Plaza in Brooklyn Heights (credit: Marvel Architects)

    David Kramer’s the Hudson Cos. is taking the next step in redevelopment of the Brooklyn Heights branch of the Brooklyn Public Library, filing permit applications for a pair of nine-story affordable residential buildings in Clinton Hill.

    The developer is planning to bring affordable housing to two locations: a 78-unit, 54,000-square foot building at 907 Atlantic Avenue and a 39-unit, 28,000-square-foot structure at 1043 Fulton Street. At 907 Atlantic Avenue, Hudson combined three adjacent sites, including 915 and 917 Atlantic Avenue into a single lot, according to zoning records. City records don’t yet show a closed sale on the property. [more]

  • Clockwise from the top left: a rendering of Lighthouse Point in Staten Island, David Kramer, Shelden Solow and 685 First Avenue, and Shibber Khan

    Clockwise from the top left: a rendering of Lighthouse Point in Staten Island, David Kramer, Sheldon Solow, 685 First Avenue and Shibber Khan

    Even in the dog days of summer, the city’s developers are hard at work planning new projects, and they’re focusing on the outer boroughs. All of August’s 10 largest permit applications topped 100,000 square feet, but only the month’s biggest new project – Sheldon Solow’s 42-story mixed-use tower at 685 1st Street in Midtown East – is planned for Manhattan. … [more]

  • A rendering of the Cornell  Tech campus and David Kramer

    A rendering of the Cornell Tech campus, the building site and David Kramer

    A tower that will eventually be the tallest passive high-rise in the world has broken ground on Roosevelt Island. [more]

  • hudson

    280 Cadman Plaza West in Brooklyn circa 1966 and David Kramer

    The board of trustees for the Brooklyn Public Library announced today that developer David Kramer’s Hudson Companies and architecture firm Marvel Architects will head up redevelopment of the Brooklyn Heights branch.

    The executive committee on the board recommended Hudson to be the developer on the project at 280 Cadman Plaza West. Hudson bid $60 million for the project. Under the plan, the 60,000-square-foot building would be demolished to make way for a 20,000-square-foot library at the base of a larger building with 115 affordable-housing units above it. [more]

  • From left: 711 Fairmount Place and 2401 Davidson Avenue

    From left: 711 Fairmount Place and 2401 Davidson Avenue

    Tenants in six properties that are part of a 42-building real estate portfolio on the brink of foreclosure are preparing to file suit against management in Bronx Supreme Court. [more]

  • Hudson's David Kramer and 626 Flatbush Avenue

    Hudson’s David Kramer and 626 Flatbush Avenue

    Residents of Brooklyn’s Prospect Lefferts Gardens neighborhood have filed a lawsuit in hopes of blocking the construction of a 23-story, 254-unit tower at 626 Flatbush Avenue, they announced in a release yesterday. The tower is being developed by Hudson Companies, as The Real Deal reported. [more]

  • cornell-tech

    Cornell NYC Tech rendering and Hudson’s David Kramer

    The Hudson Companies and the Related Companies are jointly developing the first residential building at Cornell University’s technology campus on Roosevelt Island, according to the school.

    The Cornell NYC Tech building will hold about 350 housing units for students, faculty and staff. Apartments will range from micro-units to three-bedrooms. Amenities are slated to include a roof deck, gym, bike room, lounge and various media rooms. The developers plan to break ground on the building in 2015, though campus construction will kick off early next year. [more]

  • From left: Kenneth Drucker, senior principal and director of design in HOK’s New York office, renderings of the Urban League Empowerment Center in Harlem and Hudson principal David Kramer

    Hudson Companies is tapping HOK Architects to design the new $225 million Urban League Empowerment Center in Harlem, the developer’s principal, David Kramer, told The Real Deal. HOK has released an additional rendering of the massive glass-walled facility, which towers above the area’s other structures, with three large garden terraces. [more]

  • Hudson’s David Kramer and 626 Flatbush Avenue

    Hudson Companies, the development firm behind the Riverwalk neighborhood in Roosevelt Island, is keeping a hand in the game in Brooklyn. The company, which previously developed projects such as Third + Bond and the J Condominium at 100 Jay Street, has filed plans to build a 254-unit mixed-use building at 626 Flatbush Avenue in Prospect Lefferts Gardens, according to Department of Buildings records. [more]

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  • It must have been a very bad dream…

    December 29, 2009 03:15PM

    It must have been a very bad dream, which lasted the entire year. Yet
    it actually happened: little or no activity took place in commercial
    real estate in 2009. For those investment sales brokers who were so busy in 2006 and 2007
    making mucho dinero, 2009 was a time to travel to Bora Bora for a
    vacation since business was nonexistent. A leading sales broker, who preferred to remain anonymous, shared his struggle over the past year. “I was lucky,” he said. “I had one sale during the year. It was the
    sale of a retail condominium in the Village. Two years ago I was the
    broker of the year at my firm and now I have enough to pay for
    Starbucks.” Another senior investment broker didn’t sound any more optimistic. … [more]

  • With the Federal Housing Administration struggling to meet its reserve fund regulations, city developers were holding their breath, hoping that the organization, which allows apartment buyers to put as little as 3.5 percent down, would continue to back loans. The organization’s troubles have shed new light on the importance of FHA, which some city developers say has become integral to the financial security of the condo business. “If you asked me about FHA a few years ago, I would have looked at you funny,” David Kramer, principal of the Hudson Companies, the developer of FHA-approved condominium Third + Bond in Carroll Gardens, said. “Now we have gotten involved in making sure that as many financing options as possible are available for buyers, and that is where FHA comes into play.” In the wake of the FHA’s financial woes, regulators have chosen to actually loosen standards, Crain’s reported, with condos needing just 30 percent of units pre-sold, as opposed to 50 percent, to qualify for FHA as of Dec. 7.